Agenda item

Reference from Executive 25 February 2019 - Budget 2019-20 - Revenue and Capital

Minutes:

The Head of Financial Services submitted a report to present the draft revenue and capital budget and formal advice on the robustness of the estimates included in the budget and the adequacy of the reserves which supported the Council’s budgetary plans.

 

The report had been considered by Executive on 25 February 2019. Executive had recommended that Council be requested to approve the recommendations within the report.

 

Councillor B Cannon moved the recommendations within the report and thanked the Head of Finance and the Financial Services Team, the Senior Management Team and the Executive for their hard work and contribution in the preparation of the draft budgets.

Councillor A Smith seconded the motion.

 

Councillor T Annison moved an amendment that there be no increase to Council Tax and recommendations 1-3 be amended as follows;

 

1.  The total planned revenue expenditure be £15,244,775 including parish precepts of £2,197,940

2.  £14,849,323 be approved as the Council’s net Budget requirement for 2019-20

3.  No increase in Council Tax is approved

 

This was seconded by Councillor M Jenkinson. Councillor Jenkinson said he didn’t see the benefit of rushing through a new community Stadium for Workington other than for the hosting of the RLWC 2021 and urged Council to take a step back. He said the moved amendment was to suggest a short hiatus.

 

A recorded vote was taken in respect of the amended motion, viz. –

 

In favour:

 

Councillors T Annison, N Cockburn, J Cook, J Cowell, A Davis-Johnston, M Grainger, H Harrington, A Hedworth, M Jenkinson, J Lister, P Macdonald, A Markley, J Mounsey, R Munby, E Nicholson, A Pitcher, J Sandwith and S Stoddart.

 

Against:

 

Councillors C Armstrong, M Bainbridge, P Bales, B Cannon, J Colhoun, J Crouch, J Ellis, J Farebrother, M Fitzgerald, M Fryer, K Hansen, M Heaslip, W Jefferson, F Johnston, A Kendall, P Kendall, T Lywood, L Maguire, C McCarron-Holmes, B Miskelly, J Osborn, B Pegram, M Pugmire, N Schofield, A Smith, C Smith, C Tibble, P Tibble, J Wood and M Wood.

 

No Abstentions.

 

The motion was lost – 18 votes in favour, 30 against and 0 abstentions.

 

Councillors J Lister and J Mounsey left the meeting.

 

A recorded vote was taken in respect of the original motion to agree the recommendations within the report, viz. –

 

In favour:

 

Councillors C Armstrong, M Bainbridge, P Bales, B Cannon, J Colhoun, J Crouch, J Ellis, J Farebrother, M Fitzgerald, M Fryer, K Hansen, M Heaslip, W Jefferson, F Johnston, A Kendall, P Kendall, T Lywood, L Maguire, C McCarron-Holmes, B Miskelly, J Osborn, B Pegram, M Pugmire, N Schofield, A Smith, C Smith, C Tibble, P Tibble, J Wood and M Wood.

 

Against:

 

Councillors T Annison, N Cockburn, J Cook, J Cowell, A Davis-Johnston, M Grainger, H Harrington, A Hedworth, M Jenkinson, P Macdonald, A Markley, R Munby, E Nicholson, A Pitcher, J Sandwith and S Stoddart.

 

No Abstentions.

 

The motion was carried – 30 votes in favour, 16 against and 0 abstentions.

 

Resolved

 

That -

 

  1. The total planned revenue expenditure be £15,398,082 including parish precepts of £2,197,940
  2. £15,002,631 be approved as the Council’s net Budget requirement for 2019-20
  3. An increase in Council Tax of £5 on band D Properties, with proportionate increases being applied to properties, in other council tax bands be approved
  4. No changes be made to the Council’s Council Tax Reduction discount scheme and that the current scheme remains in place for 2019-20
  5. The revenue estimates as approved be used in the calculation of the basic amount of tax under Section 31 of the Local Government Finance Act 1992
  6. The minimum level of non-earmarked general fund balances be set at £2.7m and that no maximum level be set
  7. The capital budget of £32,178,305 (comprising £9,928,305 in 2019-20, £21,180,000 in 2020-21 and £1,070,000 in 2021-22) be approved
  8. The proposed capital budget for 2019-20 be financed as follows:

·  grants and contributions ……..£3,045,919

·  borrowing………………...…….£6,502,386

·  capital receipts …………………..£380,000

 

Supporting documents: